GFF FY 2006 Earnings Report — Griffon Corporation Revenue & Financial Results | Market Cap Arena

Griffon CorporationGFF

FY 2006 Earnings

Reported December 14, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$1.6B	—	—	—	—
Op. Income	$85M	—	—	—	—
Gross Margin	24.5%	—	—	—	—
Net Margin	3.2%	—	—	—	—
EPS (Diluted)	$1.53	—	—	—	—
Free Cash Flow	-$26M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.2B
GROSS PROFIT	$402M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$317M
Other Expenses	$0
Operating Expenses	$317M
Cost & Expenses	$1.6B
OPERATING INCOME	$85M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$79M
Income Tax Expense	$27M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$35M
EBIT	$85M
EBITDA	$120M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.2B
GROSS PROFIT	$402M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$317M
Other Expenses	$0
Operating Expenses	$317M
Cost & Expenses	$1.6B
OPERATING INCOME	$85M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$79M
Income Tax Expense	$27M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$35M
EBIT	$85M
EBITDA	$120M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$52M
Depreciation & Amortization	$35M
Stock-Based Compensation	$0
Deferred Income Tax	-$4M
Other Non-Cash Items	$4M
Change in Working Capital	-$70M
OPERATING CASH FLOW	$16M
Capital Expenditure	-$42M
Acquisitions (Net)	-$1M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$45M
Net Debt Issuance	$4M
Common Stock Repurchased	-$20M
Common Dividends Paid	$0
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$10M
FREE CASH FLOW	-$26M
Net Change in Cash	-$38M

Balance Sheet

Item	Amount
Cash & Equivalents	$22M
Short-Term Investments	$0
Net Receivables	$315M
Inventory	$165M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$545M
PP&E (Net)	$232M
Goodwill	$100M
Intangible Assets	$52M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$383M
TOTAL ASSETS	$928M
Account Payables	$128M
Short-Term Debt	$8M
Deferred Revenue	$82M
Other Current Liabilities	$18M
TOTAL CURRENT LIABILITIES	$236M
Long-Term Debt	$209M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$70M
TOTAL NON-CURRENT LIABILITIES	$279M
TOTAL LIABILITIES	$516M
Common Stock	$10M
Additional Paid-In Capital	$167M
Retained Earnings	$439M
Treasury Stock	-$202M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$412M
Minority Interest	$0
TOTAL EQUITY	$412M
TOTAL LIABILITIES & EQUITY	$928M
Total Debt	$217M
Net Debt	$195M